Tuesday, August 3, 2004
Japanese government authorities are to begin an investigation that could lead to duties on imports of DRAM chips made by South Korea's Hynix Semiconductor Inc.
Japan's Elpida Memory Inc., a DRAM joint venture between Hitachi Ltd and NEC Corp, and the Japanese unit of Micron Technology Inc. had asked the Japanese government in June to impose duties on Hynix's DRAM chips, arguing that the conversion of large debts into equity by government-backed banks amounted to state subsidy for Hynix..
Hynix is already subject to anti-dumping duties of 34.8 percent imposed by the European Union and duties of 45 percent imposed on imports into the United States. Despite this, since the conversion of a large part of its debt into equity, the DRAM market has improved and Hynix rose to be the number two DRAM provider in the second quarter of 2004.
By: DocMemory
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